The Related Group and GDC Premier Communities are the targets of two federal lawsuits filed Thursday by contract holders trying to get out of condo purchases in the worst housing slump in 16 years.
The buyers are seeking to get back their deposits on units at Related’s Ocean Four in Sunny Isles Beach, Fla., and Alaqua, an Aventura, Fla., project by a GDC. The suits claim that excessive construction delays and increased maintenance fees should allow them to cancel the contracts.
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